Industrial and Commercial Bank of China

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Industrial and Commercial Bank of China Limited (ICBC; Chinese: 中国工商银行; pinyin: Zhōngguó Gōngshāng Yínháng) is the largest bank in the world by profit and market capitalization.[1] It is one of China's 'Big Four' state-owned commercial banks. The other three banks are Bank of China, Agricultural Bank of China, and China Construction Bank. It was founded on January 1, 1984. At first it was a private company. It had assets of RMB 12.55 trillion (US$1.9 trillion). It also had over 18,000 outlets including 106 overseas branches and agents globally.[2] In 2013, it was ranked number 1[3] on Forbes Global 2000 list of world's biggest public companies.[4]

Industrial and Commercial Bank of China Limited
Native name
Zhōngguó Gōngshāng Yínháng[5]
IndustryFinancial services
Founded1984; 39 years ago (1984)
Key people
Chen Siqing (Chairman)[6][7]
Gu Shu (CEO)[8]
ProductsFinance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgage loans, credit cards
RevenueIncrease CN¥725.12 billion
$105.4 billion (2018)[9][10]
390,822,000,000 renminbi (2020) Edit this on Wikidata
317,685,000,000 renminbi (2020) Edit this on Wikidata
Total assets33,345,058,000,000 renminbi (2020) Edit this on Wikidata
Number of employees
439,787 (2020) Edit this on Wikidata

References[change | change source]

  1. "ICBC tops Citigroup as world's biggest bank". China Daily. Reuters. 24 July 2007.
  2. China's biggest bank goes to market, Financial Times
  3. "ICBC". Forbes. Retrieved April 19, 2013.
  4. "The World's Biggest Public Companies". Forbes. Retrieved June 6, 2011.
  5. Chinese language version and transliteration here does not include the word "Limited", as shown within the introduction; c.f. (foot of p.207) "..ICBC's legal status was changed..its new name changed to ICBC Limited...", in, Franklin Allen, Darien Huang, Jun 'QJ' Qian, Mengxin Zhao (2012) — p.207[permanent dead link] of (Masahiko Aoki, Jinglian Wu; editors) — The Chinese Economy: A New Transition[permanent dead link], published by Palgrave Macmillan 19 October 2012 ISBN 1137034300, ISBN 9781137034304 – accessdate 2020-02-08 ("limited" sourced originally from within ICBC Business Review, published by ICBC, – accessed 2020-02-06)
  6. "MOVES-China picks BoC boss Chen Siqing to head top bank ICBC – sources". Reuters. 22 April 2019. Retrieved 24 July 2020.
  7. Si Qing Chen, 58 Chairman, Industrial & Commercial Bank of China Ltd., published by the Wall Street Journal – accessed 7 February 2020
  8. #1 ICBC, published by Forbes, &, Board of Directors, published by ICBC – accessed 7 February 2020
  9. "Annual Report 2018" (PDF). Industrial and Commercial Bank of China. Archived from the original (PDF) on 2 June 2019. Retrieved 31 May 2019.
  10. "ICBC Annual Report 2016" (PDF). ICBC. Archived (PDF) from the original on 1 December 2017. Retrieved 28 November 2017.

Other websites[change | change source]